Centiva Capital LP Purchases Shares of 27,825 Healthcare Services Group, Inc. (NASDAQ:HCSG)

Centiva Capital LP purchased a new stake in shares of Healthcare Services Group, Inc. (NASDAQ:HCSG) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 27,825 shares of the business services provider’s stock, valued at approximately $311,000.

A number of other hedge funds also recently bought and sold shares of HCSG. Farther Finance Advisors LLC lifted its stake in shares of Healthcare Services Group by 804.0% in the third quarter. Farther Finance Advisors LLC now owns 2,730 shares of the business services provider’s stock valued at $30,000 after buying an additional 2,428 shares during the period. Headlands Technologies LLC lifted its stake in shares of Healthcare Services Group by 44.4% in the second quarter. Headlands Technologies LLC now owns 3,107 shares of the business services provider’s stock valued at $33,000 after buying an additional 955 shares during the period. Financial Management Professionals Inc. lifted its stake in shares of Healthcare Services Group by 85.7% in the third quarter. Financial Management Professionals Inc. now owns 8,180 shares of the business services provider’s stock valued at $91,000 after buying an additional 3,774 shares during the period. Bleakley Financial Group LLC bought a new stake in shares of Healthcare Services Group in the third quarter valued at about $116,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Healthcare Services Group in the second quarter valued at about $124,000. 97.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HCSG. Benchmark restated a “buy” rating and set a $17.00 price target on shares of Healthcare Services Group in a research note on Thursday, October 24th. Robert W. Baird cut their price target on shares of Healthcare Services Group from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Finally, StockNews.com upgraded shares of Healthcare Services Group from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Healthcare Services Group Trading Up 2.6 %

NASDAQ HCSG opened at $12.90 on Wednesday. The firm has a market cap of $945.45 million, a price-to-earnings ratio of 18.70 and a beta of 0.55. The company has a 50 day moving average of $11.32 and a 200-day moving average of $11.00. Healthcare Services Group, Inc. has a 1-year low of $8.98 and a 1-year high of $13.00.

Healthcare Services Group (NASDAQ:HCSG) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $428.10 million during the quarter, compared to analyst estimates of $429.95 million. Healthcare Services Group had a net margin of 2.95% and a return on equity of 12.59%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.17 earnings per share. On average, analysts forecast that Healthcare Services Group, Inc. will post 0.81 earnings per share for the current year.

About Healthcare Services Group

Healthcare Services Group, Inc provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary.